Singapore raises trade forecasts with 'better-than-expected' first quarter

Singapore raises trade forecasts with 'better-than-expected' first quarter

Channel NewsAsia - Commentary·2022-05-25 11:04

SINGAPORE: Singapore raised its trade forecasts on Wednesday (May 25) amid "better-than-expected" performance in the first quarter of 2022.

Besides the first quarter showing, higher expected oil prices to support oil trade, and in turn total trade, pushed up the forecasts, said Enterprise Singapore (ESG) in its review.

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